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CENTRO DE INVESTIGACIÓN DEL TRANSPORTE - ETSI CAMINOS, CANALES Y PUERTOS UNIVERSIDAD POLITÉCNICA DE MADRID Figure 2: New Spanish Rail Model, actors and definition of functions THE NEW RAIL SECTOR ACT The new Act splits administrative activities from infrastructure The new Act regulates the authority and functions of the various actors

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CENTRO DE INVESTIGACIÓN DEL TRANSPORTE - ETSI CAMINOS, CANALES Y PUERTOS UNIVERSIDAD POLITÉCNICA DE MADRID Figure 4: Impact of HSR traffic demand on average income and cost ECONOMIC RESULTS Eq. Point (1996) cost-effective The corridor is economically efficient and its investment is justified Since 1996 onwards the line is economically cost-effective

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CENTRO DE INVESTIGACIÓN DEL TRANSPORTE - ETSI CAMINOS, CANALES Y PUERTOS UNIVERSIDAD POLITÉCNICA DE MADRID CONCLUSIONS The HSR Madrid-Seville constitutes a successful example of a policy initiative resulting in a modal shift from air to rail mode HSR presents better environmental results than the alternative transport modes. On top of the external costs savings, emission and energy rates showed explicit benefits of using HSR HSR had 91% of the market share with respect to the airplane and 48% with respect all modes. Main factors of success: competitive travel time and high frequencies, punctuality, competitive fares and convenience. The experience learned from this line provides valuable information for the current regulatory and infrastructure planning national context The existence of adequate intrinsic characteristics HSR, such as high quality services, will justify future developments of new lines in a context of a more sustainable transport and mobility system